This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm experiences ________ when its ________ downward as output increases. A) diseconomies of ... (Read 108 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
A firm experiences ________ when its ________ downward as output increases.
 
  A) diseconomies of scale; average total cost curve slopes
  B) economies of scale; long-run average cost curve slopes
  C) diminishing marginal returns; long-run average cost curve slopes
  D) diminishing marginal returns; average total cost curve shifts

Question 2

Kristen has an income of 450 per year to spend on music CDs and movies on DVDs. The price of a CD is 15 and the initial price of a DVD is 22.50. The indifference curves in the figure above (I1, I2, and I3 ) reflect Kristen's preferences.
 
  If the price of a DVD falls to 18, the income effect on Kristen's consumption of DVDs ________ the substitution effect, so a DVD is ________ good. A) partly offsets; an inferior
  B) partly offsets; a normal
  C) reinforces; an inferior
  D) reinforces; a normal


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


crazycityslicker

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ... Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library